No products in the cart.
BTW, DOWNLOAD part of UpdateDumps CIFC dumps from Cloud Storage: https://drive.google.com/open?id=11AI2OB4tayC2CnOf-snXqocaGM4ztgur
Do you want to find a good job which brings you high income? Do you want to be an excellent talent? The CIFC certification can help you realize your dream which you long for because the CIFC test prep can prove that you own obvious advantages when you seek jobs and you can handle the job very well. So our CIFC Exam Preparation can be conducive to helping you pass the CIFC exam and find a good job. What are you waiting for? Just come and buy our CIFC exam questions!
In this version, you don't need an active internet connection to use the CIFC practice test software. This software mimics the style of real test so that users find out pattern of the real test and kill the exam anxiety. UpdateDumps offline practice exam is customizable and users can change questions and duration of Canadian Investment Funds Course Exam (CIFC) mock tests.
>> Exam CIFC Cram Questions <<
Our CIFC prep material target all users and any learners, regardless of their age, gender and education background. We provide 3 versions of our CIFC learning prep for the clients to choose based on the consideration that all the users can choose the most suitable version to learn. The 3 versions each support different using method and equipment and the client can use the CIFC Exam study materials on the smart phones, laptops or the tablet computers. The clients can choose the version of our CIFC exam questions which supports their equipment on their hands to learn.
NEW QUESTION # 30
Which of the following statements about capital gains distributions from mutual fund trusts is correct?
Answer: D
Explanation:
Explanation
According to the Canadian Investment Funds Course, capital gains distributions are the portion of the mutual fund trust's net realized capital gains that are paid out to the unitholders. Capital gains distributions are not the same as capital gains from selling or redeeming units of the mutual fund trust, which are reported on a T5008 slip. Capital gains distributions are taxable in the year they are received, even if they are reinvested in additional units of the fund. The mutual fund trust will issue a T3 slip to report the amount and type of income that is allocated to each unitholder, including capital gains distributions. The unitholder must report this income on their tax return and pay tax on 50% of the capital gains distributions at their marginal tax rate.
References: 1: Canadian Investment Funds Course - IFSE Institute 2 (Unit 9: Retirement)
NEW QUESTION # 31
Patrick is a portfolio manager for the HyperTally Growth Fund. It has generated an annualized rate of return of
10% this past year. However, with the anticipation of very high inflation to soon occur, there is also an expectation of higher interest rates. Patrick is concerned about the future returns of existing stocks within the fund. What may Patrick do to protect against the market value of the fund dropping?
Answer: C
NEW QUESTION # 32
Dakota is a Dealing Representative with Harvest Wealth Inc., a mutual fund dealer. Dakota starts a marketing campaign to contact prospective new clients and increase sales with existing clients. Which of the following CORRECTLY describes activities that Dakota can engage in under her marketing campaign?
Answer: D
Explanation:
Explanation
Dakota can send promotional emails to clients who have opted in to receive commercial electronic messages (CEMs). A CEM is any electronic message that encourages participation in a commercial activity, such as an email, a text message, or a social media message. Under Canada's anti-spam legislation (CASL), Dakota must obtain consent from the recipients before sending CEMs, either explicitly (e.g., by asking them to sign up for a newsletter) or implicitly (e.g., by having an existing business relationship with them). Dakota must also identify himself and his dealer, provide contact information, and include an unsubscribe mechanism in every CEM. The other statements are incorrect. Dakota cannot make telemarketing calls to clients who are listed on the National Do Not Call List (DNCL). The DNCL is a list of telephone numbers of consumers who do not want to receive unsolicited telemarketing calls. Under the Telecommunications Act, Dakota must register with the National DNCL operator, subscribe to the National DNCL, and avoid calling any number on the list, unless he has express consent from the consumer or an exemption applies. Dakota cannot send promotional emails to clients who have opted into Harvest Wealth's Do Not Call List. A Do Not Call List is a list of telephone numbers of consumers who do not want to receive telemarketing calls from a specific organization.
Under the Telecommunications Act, Dakota must maintain an internal Do Not Call List for his dealer and respect the requests of consumers who ask not to be called by his dealer. However, this does not mean that he can send promotional emails to those consumers, as that would violate CASL. Dakota cannot make telemarketing calls to clients who have opted in to receive commercial electronic messages (CEMs). Opting in to receive CEMs does not imply consent to receive telemarketing calls, as they are different forms of communication governed by different laws . Dakota must obtain separate consent from the clients before making telemarketing calls to them, either explicitly or implicitly. References: [Canada's anti-spam legislation], [National Do Not Call List]
NEW QUESTION # 33
Felipe is a Dealing Representative who is developing a non-registered investment solution for Laryssa. Felipe is debating between recommending either mutual fund trusts or mutual fund corporations. He wants to recommend an investment that reduces Laryssa's exposure to taxation.
Which feature may influence his recommendation?
Answer: A
Explanation:
Explanation
A mutual fund corporation is a type of mutual fund structure that is organized as a corporation and issues different classes of shares to investors. A mutual fund corporation has the ability to allocate its income and expenses among the different classes of shares, and to distribute any income received by the corporation in the form of either capital gains or Canadian dividends. These types of distributions are taxed at lower rates than interest or foreign income, which may reduce the tax liability of the investors. A mutual fund corporation can also use capital losses to offset capital gains, and carry them forward or back to reduce taxable income in other years.
References = Canadian Investment Funds Course, Unit 6: Mutual Funds, Lesson 2: Mutual Fund Structures, Section 6.2.2: Mutual Fund Corporations1; CIFC prepkit, Chapter 6: Mutual Funds, Question 6.2.2 2
NEW QUESTION # 34
Your employer has a contributory group RRSP under which he matches employee contributions, up to a maximum of 5% of salary.
Which of the following statements about a group registered retirement savings plan (RRSP) is CORRECT?
Answer: B
Explanation:
Explanation
A group RRSP is a retirement savings plan sponsored by an employer that allows employees to contribute through regular payroll deductions and benefit from tax advantages and possible employer matching. The employer is responsible for choosing the plan provider, which is the financial institution that administers the group RRSP and offers a range of investment options for the employees to choose from. The employer may also negotiate lower fees and better services with the plan provider than what individual RRSPs can offer.
Therefore, statement D is correct.
The other statements are incorrect for the following reasons:
* Statement A: A group RRSP is less costly and time consuming to administer than traditional pension plans, as it does not require actuarial valuations, funding requirements, or regulatory filings.
* Statement B: If you leave your employer, your group RRSP does not stay with the employer. You can transfer your group RRSP to an individual RRSP or another registered plan without tax consequences, as long as there are no locked-in provisions.
* Statement C: You do not need to wait until you file your taxes to receive your contribution tax
* deduction. Your contributions are deducted from your gross income before tax is calculated, so you receive an immediate tax benefit on your paycheque.
References: Canadian Investment Funds Course, Unit 9, Section 9.1
NEW QUESTION # 35
......
CIFC Exam Dumps add vivid examples and accurate charts to stimulate those exceptional cases you may be confronted with. CIFC Guide Torrent has been known as one of the world’s leading providers of exam materials. CIFC Test Questions free updating for one year and half price for further partnerships.
New Exam CIFC Materials: https://www.updatedumps.com/IFSE-Institute/CIFC-updated-exam-dumps.html
So our CIFC exam study pdf will be your best choice, which will sweep off your problems and obstacles on the way to succeeding, IFSE Institute Exam CIFC Cram Questions In this way, you can have the first taste of our exam files, IFSE Institute Exam CIFC Cram Questions Able to pass with high efficiency, To give you a better using environment, our experts have specialized in the technology with the system upgraded to offer you the latest CIFC dumps torrent, We promise you pass CIFC actual test with 100% pass rate, but if you failed the exam with our dumps, we will full refund.
From now on I will buy all my exams from you, Finally, this CIFC book is useful for undergraduate and graduate students in computer science and information technology disciplines.
So our CIFC Exam study pdf will be your best choice, which will sweep off your problems and obstacles on the way to succeeding, In this way, you can have the first taste of our exam files.
Able to pass with high efficiency, To give you a better using environment, our experts have specialized in the technology with the system upgraded to offer you the latest CIFC dumps torrent.
We promise you pass CIFC actual test with 100% pass rate, but if you failed the exam with our dumps, we will full refund.
BTW, DOWNLOAD part of UpdateDumps CIFC dumps from Cloud Storage: https://drive.google.com/open?id=11AI2OB4tayC2CnOf-snXqocaGM4ztgur